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"Pretty clear looking at the numbers that it will have to happen eventually . . . " |
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Message Replied To ========== House GOP plan would cut Medicare, Social Security to balance budget https://www.msn.com/en-us/news/politics/house-gop-plan-would-cut-medicare-social-security-to-balance-budget/ar-AAySglD?li=BBnb4R7 ============================== SS and Mandatory Medicals account for 48% of the budget (2014). Other mandatory like food stamps, unemployment insurance and the interest on the debt along with SS and Meds account for 66% of the entire budget. The GAO projects that just the mandatory spending will exceed income between 2030 and 2040. And those are old projections not including the stupidity that Trump and the pubs have done recently.
What is grossly wrong in all of this is the increase in defense spending knowing all these facts, the reduction of taxes for rich folks and the burying our head in the sand when it comes to entitlements.
We will pay the price for this folly. |


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